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Side-by-side financial comparison of Twin Hospitality Group Inc. (TWNP) and VICOR CORP (VICR). Click either name above to swap in a different company.

VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $82.3M, roughly 1.4× Twin Hospitality Group Inc.). VICOR CORP runs the higher net margin — 18.3% vs -29.7%, a 48.0% gap on every dollar of revenue.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.

TWNP vs VICR — Head-to-Head

Bigger by revenue
VICR
VICR
1.4× larger
VICR
$113.0M
$82.3M
TWNP
Higher net margin
VICR
VICR
48.0% more per $
VICR
18.3%
-29.7%
TWNP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
TWNP
TWNP
VICR
VICR
Revenue
$82.3M
$113.0M
Net Profit
$-24.5M
$20.7M
Gross Margin
Operating Margin
-16.2%
59.7%
Net Margin
-29.7%
18.3%
Revenue YoY
20.2%
Net Profit YoY
713.9%
EPS (diluted)
$-0.43
$0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TWNP
TWNP
VICR
VICR
Q1 26
$113.0M
Q4 25
$107.3M
Q3 25
$82.3M
$110.4M
Q2 25
$87.8M
$96.0M
Q1 25
$87.1M
$94.0M
Q4 24
$96.2M
Q3 24
$93.2M
Q2 24
$85.9M
Net Profit
TWNP
TWNP
VICR
VICR
Q1 26
$20.7M
Q4 25
$46.5M
Q3 25
$-24.5M
$28.3M
Q2 25
$-20.8M
$41.2M
Q1 25
$-12.1M
$2.5M
Q4 24
$10.2M
Q3 24
$11.6M
Q2 24
$-1.2M
Gross Margin
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
55.4%
Q3 25
57.5%
Q2 25
95.9%
Q1 25
47.2%
Q4 24
52.4%
Q3 24
49.1%
Q2 24
49.8%
Operating Margin
TWNP
TWNP
VICR
VICR
Q1 26
59.7%
Q4 25
14.6%
Q3 25
-16.2%
18.9%
Q2 25
-13.2%
47.3%
Q1 25
-1.2%
-0.2%
Q4 24
9.6%
Q3 24
5.8%
Q2 24
0.2%
Net Margin
TWNP
TWNP
VICR
VICR
Q1 26
18.3%
Q4 25
43.4%
Q3 25
-29.7%
25.6%
Q2 25
-23.7%
42.9%
Q1 25
-13.9%
2.7%
Q4 24
10.7%
Q3 24
12.4%
Q2 24
-1.4%
EPS (diluted)
TWNP
TWNP
VICR
VICR
Q1 26
$0.44
Q4 25
$1.01
Q3 25
$-0.43
$0.63
Q2 25
$-0.38
$0.91
Q1 25
$-0.26
$0.06
Q4 24
$0.24
Q3 24
$0.26
Q2 24
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TWNP
TWNP
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$404.2M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$-92.1M
$754.1M
Total Assets
$516.8M
$804.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TWNP
TWNP
VICR
VICR
Q1 26
$404.2M
Q4 25
$402.8M
Q3 25
$362.4M
Q2 25
$338.5M
Q1 25
$296.1M
Q4 24
$277.3M
Q3 24
$267.6M
Q2 24
$251.9M
Total Debt
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
TWNP
TWNP
VICR
VICR
Q1 26
$754.1M
Q4 25
$711.6M
Q3 25
$-92.1M
$630.1M
Q2 25
$-78.6M
$608.6M
Q1 25
$-101.9M
$580.3M
Q4 24
$570.1M
Q3 24
$554.6M
Q2 24
$537.2M
Total Assets
TWNP
TWNP
VICR
VICR
Q1 26
$804.9M
Q4 25
$785.8M
Q3 25
$516.8M
$710.2M
Q2 25
$535.1M
$693.5M
Q1 25
$544.2M
$665.0M
Q4 24
$641.1M
Q3 24
$632.8M
Q2 24
$613.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TWNP
TWNP
VICR
VICR
Operating Cash FlowLast quarter
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
$15.7M
Q3 25
$-5.9M
$38.5M
Q2 25
$-8.8M
$65.2M
Q1 25
$-5.7M
$20.1M
Q4 24
$10.1M
Q3 24
$22.6M
Q2 24
$15.6M
Free Cash Flow
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
$10.2M
Q3 25
$-7.4M
$34.5M
Q2 25
$-10.6M
$59.0M
Q1 25
$-9.7M
$15.6M
Q4 24
$8.4M
Q3 24
$14.1M
Q2 24
$9.4M
FCF Margin
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
9.5%
Q3 25
-9.0%
31.2%
Q2 25
-12.1%
61.5%
Q1 25
-11.2%
16.6%
Q4 24
8.7%
Q3 24
15.2%
Q2 24
11.0%
Capex Intensity
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
5.2%
Q3 25
1.9%
3.6%
Q2 25
2.1%
6.5%
Q1 25
4.6%
4.8%
Q4 24
1.8%
Q3 24
9.1%
Q2 24
7.2%
Cash Conversion
TWNP
TWNP
VICR
VICR
Q1 26
Q4 25
0.34×
Q3 25
1.36×
Q2 25
1.58×
Q1 25
7.93×
Q4 24
0.99×
Q3 24
1.95×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TWNP
TWNP

Segment breakdown not available.

VICR
VICR

Product revenue$98.0M87%
Royalty revenue$15.0M13%

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